ISSN 1478-7911

Leatherhead Food International

Food Industry Updates

Monthly Market Digest
August 2006

Your food, our world

 Charmaine Holmes
reports on the latest in August

Contact: cholmes@leatherheadfood.com
+44 (0)1372 822 276

CONTENTS
HEADLINE NEWS:
Lion Tucks Into Snacks ............................................................................ 2
Nestlé Delights in Turkish Deal.................................................................. 2
Emmi Strikes Production Deal in the US ..................................................... 2
Ebro Buys Minute Rice in North America ..................................................... 3
Casino Cashes in its Chips in Polish Retailing .............................................. 3
MARKET TRENDS:
Dark Lights the Way for Chocolate Growth.................................................. 3
Oats – A Superfood Creating Super Interest ............................................... 5
INGREDIENTS:
Goodbye Trans Fats ................................................................................. 6
Campina and Vitalus Join Forces ............................................................... 6
Cargill Acquires Final Stake....................................................................... 6
CSM Sugar’s Sweet Plan........................................................................... 6
NEWS IN BRIEF:
Worldwide .............................................................................................. 7
FINANCIAL RESULTS:
Selected companies ................................................................................. 9

LIST OF TABLES AND FIGURES

Selected NPD in the International Dark Chocolate Category, 2005-2006 ...........................4

Selected NPD in the UK Oat-based Foods Category, 2006 ...............................................5
Selected Companies – Financial Results ........................................................................9

USEFUL WEB ADDRESSES

www.ebropuleva.com www.kraft.com
www.emmi.ch www.lioncapital.com
www.erikli.com.tr (not in English) www.nestle-waters.com
www.groupe-casino.fr www.kettlefoods.com

Lion Tucks into Snacks
Private equity investors
Lion Capital have pur-
chased the Kettle Foods
premium snack foods
business, in a deal re-
ported to be worth be-
tween USD280m and
USD320m. Recently Lion
has also partnered with
Premier Foods and Dutch
company NPM Capital to
make a bid for the biscuits
and snacks operations of
the UK’s United Biscuits.
Kettle Foods is a leading
force in the premium
snacks markets in the US
and UK. It is best known
for its premium Kettle
Chips crisps brand, but it
also produces and sells
nuts, nut butters and tor-
tilla products in the US
Nestlé Delights in Turkish Deal
In Turkey, Nestlé Waters’
bottled water operations
are merging with those of
local firm Erikli, to further
consolidate Nestlé’s posi-
tion as the world leader in
bottled water. Erikli oper-
ates three production sites
generating sales of
USD55m a year, operating
in both the retail and
home and office delivery
water sectors. Nestlé Wa-
Emmi Strikes Yoghurt Production Deal in the US
Swiss dairy company
Emmi has signed a part-
nership agreement with
the Upstate Farms co-
2 Food Industry Updates – Market Digest, August 2006
HEADLINE NEWS
under the Kettle brand. It
has annual sales of around
USD150m and has manu-
facturing facilities in Ore-
gon (US) and Norwich
(UK).
ters entered the Turkish
water market in 2001 and
its Pure Life is now the
number three brand. It
has sales of USD30m a
year in Turkey and two
production plants. Follow-
ing the merger, 60% of
the business will be owned
by Nestlé Waters and 40%
by Erikli’s current presi-
dent Hasan Aslanoba. The
operative dairy business,
based in Buffalo, NY, USA.
The deal will lead to Up-
state producing yoghurt
In the US, the Kettle
brand is market leader
with a 37% share of the
natural crisps category, a
sector that is far outpacing
the overall crisps or ‘chips’
market. In the UK, Kettle
Crisps is the tenth largest
bagged snack brand.
Under its new ownership,
Kettle Foods finds itself in
Lion’s stable of established
food operations, including
the Orangina soft drinks
activities, the Weetabix
cereals business and the
Materne jams and com-
potes company.
deal remains subject to
competition approval.
for Emmi, which will then
be distributed and mar-
keted by Emmi’s existing
local US subsidiary.
Ebro Buys Minute Rice from Kraft
Only two
months
after
buying
the New
World
Pasta
business
in the
US,
Spanish group Ebro Puleva
has made a further acqui-
sition in North America,
this time buying the Min-
Casino Cashes in its Chips in Polish Retailing
French retailer Casino had
exited the Polish grocery
retail market with the sale
of two separate busi-
nesses to Metro of Ger-
many and Tesco of the UK
in deals worth a combined
EUR884m. Poland was
considered a non-core
area of business, standing
as an isolated Casino op-
eration in Eastern Europe.
The first of the two deals
involved the Géant hyper-
market chain, which had a
Dark Lights the Way for Chocolate Growth
Dark chocolate represents
a strong growth market in
both the UK and the US,
Food Industry Updates – Market Digest, August 2006
ute Rice brand and assets
from Kraft Foods in a deal
worth USD280m.
Minute Rice is quick-
preparation cooked rice
sold in US and Canada. It
had sales of USD90m in
2005. However, it is con-
sidered a non-core prod-
uct in the diverse Kraft
portfolio and as part of the
company’s refocusing, has
become the latest in a
turnover (excluding petrol
station sales) or EUR529m
in 2005. This operation
was sold to the Real busi-
ness (part of Germany’s
Metro group) for a sum of
EUR779m. The deal in-
cluded 19 hypermarkets
and 7 outstanding devel-
opment projects. The sec-
ond deal saw the sale of
220 Leader Price conven-
ience and discount stores
to Tesco for a sum of
EUR105m. The chain had
MARKET TRENDS
despite relatively static
chocolate markets overall.
In the US, sales of dark
chocolate bars totalled
USD700m in 2005, having
risen 11.2% on the previ-
ous year. This equates to
around 4-5% of the total
chocolate confectionery
market in the US, which
grew less than 1% overall.
In the UK, the dark choco-
number of brands and ac-
tivities to be divested.
Thanks to a number of ac-
quisitions, in just three
years Ebro Puleva has
grown from a strong Euro-
pean rice company and
dominant market leader in
Spain to the market leader
in the overall European
and US rice markets and
number one in the global
rice industry rankings.
sales of around EUR245m
in 2005 and employed
2,200 people.
late bars category is val-
ued at GBP160m and
growth stood at 13% in
2005. An increase of a fur-
ther 48% is forecast by
the year 2010. Dark
chocolate accounts for
over 20% of the total
block chocolate market in
the UK and around 5% of
the total chocolate confec-
tionery market.
3
Consumers are increas-
ingly seeking more pre-
mium and gourmet choco-
late products as well as
more healthy products,
and dark chocolate covers
all of these criteria, having
a higher cocoa content
and health credentials.
four-finger bar and Cad- ready a stronghold for
bury announcing the up- high-quality dark choco-
coming launch of Flake late. Here, dark versions
Dark. Both are based on of certain boxed choco-
established milk chocolate lates (e.g. Ferrero Rond-
countlines and are hoping noir in Italy) and chocolate
to capitalise on this brand- countlines (e.g. Tokke
ing as well as on growing Black in Spain) have ap-
consumer interest in peared on the market.
darker chocolate.

Selected NPD in the International Dark Chocolate Category, 2006

Date Company Product Comments

UK

Oct 06 Cadbury Flake Dark A dark version of the Flake chocolate countline is to be launched in Octo-
Trebor Bassett ber.

Sep 06 Nestlé KitKat Dark A dark version of the four-finger KitKat countline. It has 52% cocoa solids
Rowntree content in the chocolate coating. There is already a dark version of the
two-finger chocolate wafer bars available.

Aug 06 Bendicks Bendicks Dark 125-g dark chocolate bars comprising five individually wrapped pieces in
Chocolate each pack.

US

Aug 06 Masterfoods M&Ms Dark/ After the success of its limited edition dark M&Ms, Masterfoods has now
Snickers Dark/ launched a permanent dark chocolate version. The company is also trial-
Snickers ling dark versions of its Snickers and Snickers Almond countlines.
Almond Dark
Apr 06 Ghirardelli Ghirardelli Four gourmet, dark chocolate bars. Varieties have either 48%, 60% or
Chocolate Co. Intense Dark 72% cocoa.

Mar 06 Masterfoods Dove Sugar A range of three sugar-free dark chocolate bars in Double Chocolate
Free Dark Creme, Raspberry Creme and Mint Creme varieties.

Mar 06 Hershey Hershey’s Singly wrapped sticks of Hershey’s chocolate bars, sold in boxes of nine.
Sticks Includes Rich Dark Chocolate Sticks and Mint Dark Chocolate Sticks.

Jan 06 Masterfoods Dove Dark Both dark and milk chocolate covered almonds were added to the Dove
USA Chocolate chocolate range in the US in January 2006.
Covered
Almonds

Source: LFI’s FoodlineProduct database

In both the US and the
UK, there has been high
levels of NPD in the dark
chocolate category, with
many mainstream milk
chocolate brands now ap-
pearing in a dark format.
In the UK, both Nestlé and
Cadbury have recently an-
nounced new dark choco-
late lines, with Nestlé in-
troducing a KitKat Dark
In the US, companies such With double-digit growth
as Hershey and Master- for dark chocolate way
foods have also been in- ahead of traditional milk
troducing dark chocolate products it is no surprise
versions of popular count- that leading players are
lines e.g. Hershey-, Dove- taking note. However, it
and Snickers-branded remains to be seen if con-
products. sumers will accept dark al-
ternatives to everyday
The trend has even milk chocolate countlines
stretched to some extent with the same enthusiasm
into the Continental Euro- that they are according to
pean market, which is al- premium bars.

4 Food Industry Updates – Market Digest, August 2006

Oats – A Superfood Creating Super Interest

With growing consumer
awareness of the heart
benefits of certain whole
grains, oats have emerged
as the cereal of choice for
many food manufacturers
seeking to target the heart
health foods category. The
beta-glucan soluble fibre
found in oats, works by
trapping cholesterol during
digestion and keeping it
out of the blood stream.
This has meant oats have
been associated with heart
health for some time and a recognised ‘superfood’.
many oat-based products ‘Superfoods’ are becoming
already make heart health increasingly popular
claims or feature heart- among health-conscious
related imagery on their consumers as they repre-
packs. Heart health is not sent a natural way to
the only benefit of oats, health.
which are also recognised
as a slow-release energy
food, making them popu-
lar with consumers follow-
ing a low-GI diet. This,
coupled with the heart
health message, has
helped to establish oats as

Selected NPD in the UK Oat-based Foods Category, 2006

Date Company Product Comments

UK

Aug Tesco White Bread This is a white, sliced loaf that makes a direct cholesterol-lowering claim. Three
06 with Oat Bran slices of the bread contain 0.75 g of beta-glucan or a quarter of the RDA.

Aug Kellogg Optivita Optivita cereals (Berry Oat Crisp and Raisin Oat Crisp). Both contain oats, brown
06 rice, wholewheat, fruit and oat bran. Cereal bars are also set to join this range at a
later date.

Jul 06 Weetabix Oatibix Cereal made with 100% wholegrain oats instead of wheat, come as standard biscuits
or Sultana & Apple Bitesize variants. All products feature the wholegrain ‘for Heart
Health’ logo.

Jul 06 Kellogg All-Bran All-Bran Crunchie Oat Bakes comprise small squares of bran and oat cereal.
Crunchie Oat
Bakes
Jul 06 Kellogg Special K Bliss The Special K cereals range was extended with a new Bliss product, containing oats
and rice.

Jun Jordans Superfoods The Superfoods range includes Breakfast Flakes, Muesli and a Bar, all of which con-
06 tain a selection of powerful natural nutrients from ingredients such as cranberries,
almonds, blueberries, wholegrain oats and pumpkin seeds.

Jun Handmade Oatrition Oat Cereal bars developed under the Oatrition brand, a joint venture between Handmade
06 Bakery Group/ 3ars Bakery Group and omega-3 consultancy Market Intelligence. They are fortified with
Market omega-3 in addition to their oat content.
Intelligence
Jan Quaker Oat Crisp/ A range of oat-based cold cereals.
06 Oat Crunch/
Oat Granola/
Oat Hoops

Source: LFI’s FoodlineProduct database

Food Industry Updates – Market Digest, August 2006 5

Although breakfast cereal
products continue to
dominate the market,
there are signs that the
oat trend is extending out
to new areas, including
cereal bars and bread.
For example, Tesco in the
UK’s recent launch of
White Bread with Oat
Bran.
In the US, there continues
to be interesting NPD in
the oat-based foods cate-
Goodbye Trans Fats
Following continued pres-
sure from health experts
and a similar trend that is
having a major impact on
the US food industry, vari-
ous UK food and drink
companies are now mak-
ing moves to remove trans
fats from their foods. Re-
Campina and Vitalus Join Forces
Dutch dairy and ingredi-
ents firm Campina has
formed a joint venture
with Canada’s Vitalus in
order to expand its func-
tional and nutritional in-
Cargill Acquires Final Stake
In China, Cargill has ac-
quired the remaining stake
it did not already own in
the Zibo Cargill Huanghe-
CSM Sugar’s Sweet Plan
Dutch company CSM is in
detailed negotiations re-
garding the merger of its
6 Food Industry Updates – Market Digest, August 2006
gory, including bread
products and cereal bars.
Quaker Oats (PepsiCo) in-
troduced its Oatmeal to
Go brand in March 2006.
The Oatmeal to Go bars
are squares of oatmeal in-
tended as breakfast bars.
In June 2006, Van’s Inter-
Van’s International Waffles
launched a selection of
waffles made with oats,
sold under the Hearty
Oats brand. This month,
Bimbo Bakeries added to
INGREDIENTS
tail group Sainsbury has
recently announced that it
is to remove trans fats
and flavour enhancers
from 15,000 own-label
food and drink products
that it sells. The excep-
tions are dairy and meat
products where trans fats
gredients operations in
North America. The ven-
ture hopes to generate
sales of USD10m a year.
It will operate as DMV-
Vitalus Ingredients and
long Bioengineering
Group, a business that it
established as a joint ven-
ture with Shandong
CSM Sugar division with
Cosun. CSM Sugar oper-
ates two production plants
the oat breads market in
the US, with the launch of
Oroweat Wholegrain &
Oat. The bread also con-
tains the cholesterol-
lowering plant sterol in-
gredient Corowise and is
said to be the first bread
to be made with this type
of ingredient.
occur naturally. Mean-
while, Kellogg has also
committed itself to the
removal of hydrogenated
vegetable oils from is ce-
real bars by the end of the
year. Its cereals are al-
ready free from hydrogen-
ated vegetable oils.
will capitalise on Vitalus’
existing customer base in
the US. It will focus pri-
marily on dairy protein in-
gredients, such as whey
protein concentrates.
Huanghelong Group in
2003. The Zibo Cargill
company produces xan-
than gum.
in the Netherlands, em-
ploys 300 people and has
sales of EUR250m a year.

BAKERY
CSM of the Netherlands
has expanded its CSM
Bakery Supplies busi-
ness in the US through the
purchase of CGI Desserts
for USD70m. CGI supplies
thaw and serve fully deco-
rated cakes and desserts
for in-store and foodser-
vice sale in the US. It op-
erates one plant in Texas
and employs 400 people.
BREAKFAST CEREALS
The Sugar Puffs breakfast
cereal brand has been
bought from PepsiCo by
Big Bear for a sum of
GBP30m. The brand will
now form part of a brand
group that also includes
Fox’s Confectionery,
bought by Big Bear as a
management buy-in in
2003.
BREWING
China Resources Snow
Breweries, which is a
joint venture owned by
SABMiller (49%) and
Hong Kong-listed China
Resources Enterprise
(51%), has acquired Chi-
nese brewing businesses
Zhejiang Yinyan Brew-
ery Company and Anhui
Huaibei Xiangwang
Brewery Company. The
first has been acquired for
a sum of RMB338m
(USD42.3m) and the sec-
ond for RMB81m
(USD10.1m).
Canadian brewer Slee-
man Breweries has been
bought by Japanese com-
pany Sapporo Breweries
in a deal worth around
Food Industry Updates – Market Digest, August 2006
NEWS IN BRIEF
CAD400m. Sleeman has
been seeking a buyer
since May.
Australia’s Foster’s
Group has completed its
exit from the Asian brew-
ing market with the sale of
its Indian and Vietnamese
operations. This comes
shortly after the sale of its
Chinese business to Ja-
pan’s Suntory and the sale
of the Foster’s brand in
Europe to Scottish & New-
castle. The Indian and
Vietnamese businesses
have been sold for a com-
bined sum of USD225m.
The Indian operations
have been bought by
SABMiller for a sum of
USD120m, taking its local
chain to 11 breweries,
while the Vietnamese in-
terests, including two
breweries, local brands
and the rights to the Fos-
ter’s brand, have been ac-
quired by Asia Pacific
Breweries for USD105m.
In Australia, Coca-Cola
Amatil and SABMiller
have joined forces to cre-
ate the Pacific Bever-
ages 50:50 joint venture.
This business will focus on
the import and distribution
of premium beers in Aus-
tralia and will handle many
of SABMiller’s international
beer brands, including
Peroni Nastro Azzurro,
Miller Genuine Draft and
Pilsner Urquell.
CATERING, PUBS &
RESTAURANTS
Regent Inns has acquired
31 restaurants, including
the Old Orleans chain and
two Quincey’s outlets,
from Punch Taverns. The
deal is valued at GBP26m.
Yum Brands has bought
out Whitbread’s 50%
stake in UK pizza restau-
rant chain Pizza Hut for a
sum of USD183m and as-
sumption of debt and li-
abilities worth USD25m.
Pizza Hut operates 541
restaurants in the UK.
Mitchells & Butlers has
expanded its pub restau-
rant chain with the acqui-
sition of 239 new sites
from Whitbread for a
sum of GBP497m. The pub
restaurants, which mainly
operate as Brewers Fayre
or Beefeater outlets, have
been sold to allow Whit-
bread to focus on expan-
sion of its hotel and coffee
shop chains. It is planning
to build 100 new hotels
and double the Costa Cof-
fee chain by 2010.
CONFECTIONERY
Tangerine has acquired
the confectionery arm of
Burtons Foods for an un-
disclosed sum and is now
claiming to be the largest
independent sugar confec-
tionery producer in the
UK. The deal includes such
brands as Burton’s Liquo-
rice Allsorts and Dolly Mix-
ture, plus the plant at
Blackpool and 180 staff.
The deal will increase Tan-
gerine’s annual sales from
GBP45m to nearly
GBP60m.
DAIRY
Dairy Crest has become
the largest doorstep milk
7
business in the UK with
the purchase of the Ex-
press Dairies Depot
home delivery operations
of Arla Foods. The deal is
valued at GBP33m and in-
cludes two dairies, 77
small distribution depots
and around 390 million li-
tres of milk business per
year. It is not certain if the
Express Dairies name will
be kept. With Arla’s exit
from this sector, the cate-
gory will now be domi-
nated by Dairy Crest and
the Dairy Farmers of Brit-
ain co-operative. The deal
remains subject to ap-
proval by the competition
authorities.
America’s Dean Foods
has announced plans to
sell its Iberian dairy op-
erations, which comprise
the Leche Celta business
in Spain and Portugal, to
Portuguese firm Lactogal
Productos Alimentares,
a leading dairy business in
Portugal. Leche Celta op-
erates four production
plants in Spain and one in
Portugal.
In China, the state-owned
parent of market-leading
dairy business Shanghai
Bright Dairy & Food has
merged with three other
local operations to form a
new significant food
group. The other partners
are Shanghai Sugar
Cigarette & Wine
(Group), Jinjiang Food
and SAICG. Combined
with Shanghai Bright Dairy
& Food, these will create
the new Bright Foods
(Group) Co Ltd, which
will have annual sales of
RMB40.6bn. Shanghai
Bright Dairy & Food is the
largest dairy products
supplier in China. It is not
8 Food Industry Updates – Market Digest, August 2006
clear what will happen to
Danone’s 20% stake in
this business following the
merger.
Greek dairy company
Delta Holdings is acquir-
ing a 45.8% stake in Cyp-
riot firm Christies Dair-
ies. The shares are being
bought from Shakolas
Group and Cyprus Trading
Corp. Delta Holdings will
change its name to Vivar-
tia following the conclu-
sion of its merger with
snacks company Chipita.
Nestlé has announced
plans to build a new con-
densed milk plant at
Palmeira das Missoes in
the Rio Grande do Sul re-
gion of Brazil. An invest-
ment of over USD32m will
be made in the plant,
which will operate as part
of the Dairy Partners
America joint venture with
New Zealand’s Fonterra.
The plant will process 1
million litres of milk each
day. Nestlé already oper-
ates 26 production plants
in Brazil.
DISTRIBUTION
Chilled foods company
Northern Foods has
completed the sale of its
NFT chilled distribution
business for a sum of
GBP51.2m. It has been
bought by a new company
formed through a man-
agement buy-out and
backed by Phoenix Eq-
uity Partners. The new
company will be known as
NFT Distribution Holdings
Ltd. Its sale is part of
Northern Foods’ wider dis-
posal programme, an-
nounced earlier this year,
which is leading to a radi-
cal refocusing of the com-
pany.
RETAILING
UK supermarket retailer
Somerfield is to close 27
of its stores with the loss
of 650 jobs following a re-
view of each store’s profit-
ability. The closures
mainly involve former
Kwik Save stores that
were converted to Somer-
field earlier this year after
the remainder of the Kwik
Save business was sold.
Seven & I Holdings,
owner of the 7-Eleven
convenience chain, has
acquired US convenience
operator White Hen Pan-
try in a deal worth
USD35m. White Hen Pan-
try, which operates 206
stores in the Chicago area,
has been bought from the
hedge fund group Angelo
Gordon & Co.
In the US, online retailer
Amazon.com has begun
to sell groceries. Its gro-
cery offering covers 1,200
brands in the dry grocery
market, many of which are
natural/organic products.
SOFT DRINKS
Cadbury Schweppes has
acquired the Seven-Up
Bottling Company of San
Francisco for a sum of
USD48m, thus expanding
its soft drink bottling ac-
tivities in the US. The bot-
tling business, which op-
erates in Northern Califor-
nia, was acquired from the
Easley Family. It operates
ten warehouses and one
manufacturing plant and
employs 600 people. Sales
were USD140m in 2005.
In the Australian bottled
water industry, Coca-Cola
Amatil has extended its
home and office delivery
business through the pur-
chase of Palm Springs
Ltd for a sum of
USD7.4m. Palm Springs
will be integrated into
CCA’s existing Neverfail
Springwater Co, which
was acquired by CCA in
2003 and is the largest
home and office water de-
livery firm in the country
with 158,000 customers.
Palm Springs is second in
the market with 25,000
customers and sales of
USD18m.

FINANCIAL RESULTS

Company Activity Period Turnover % Pre-tax %

Change profits Change

Non-UK

ADM Commodities Year to USD36.6bn +2 USD1.3bn +26

(US) & ingredients 30 June (net)
manufacturer 2006

Pernod Ricard Wines & Year to EUR6.06m +68 na na

(France) spirits 30 June
Manufacturer 2006

Sara Lee Food & Year to USD15.9bn -1 USD555m -23

(US) non-food 1 July
Manufacturer 2006

Woolworth Retailer Year to AUD37.8bn +20 AUD1.01bn +24

(Australia) 25 June
2006

Food Industry Updates – Market Digest, August 2006 9

Taste Trends – Meeting Innovation, Indulgence and Health Challenges

This one-day conference, to be held at Leatherhead Food International on 3 Octo-

ber 2006, will look at taste and flavour trends in the international food and drink
industry. While consumers are increasingly looking for convenience and health
benefits from their food, it is essential that manufacturers do not compromise on
flavour or taste and that they also recognise the growing demand for more fresh
and natural flavours. For brands to tick all the boxes and push the right sensorial
buttons at the same time is a tough challenge and the pressure is on to provide
consumers with healthy, tasty foods from "safe" origins.

The conference aims to:

 Update delegates on the latest trends and innovation in flavours in the global
market
 Show how Taste can adapt to nutritional demand and how growing awareness
and healthy choices can drive Taste and boost Flavour innovation
 Discuss how to design flavours for children and other specific consumer
groups
 Guide the audience through the interaction process between the brain and
taste perception and how this is already shaping the taste of the food of to-
morrow
 Showcase best practice examples of products that have successfully achieved
this

The programme of the conference includes the following topics and speakers:

Chairman’s Opening Remarks – Setting the Scene

Professor Anthony Blake, International Flavourist
Global Flavour Trends and Perspectives – Market Data
Jonathan Thomas, Principal Market Analyst, LFI
Health and Nutrition Impact: Reformulating Products While Preserving
Taste
Dr Tristan Robinson, Company Nutritionist and Legal Labels Manager, HJ Heinz
Company Ltd (UK & Ireland)
The Future is Healthy – Creating Value Through Innovation
Sally Green, Marketing Innovations Manager, WILD
Adapting to the Consumer: Customising Taste
Bryan Urbick, CEO & President, Consumer Knowledge Centre
Consumer Sensory – Modifying the Structure of Salt to Reduce the Im-
pact on Health Whilst Retailing Taste Properties
Corneel den Ridder, Consumer Sensory Science, LFI
Molecular Gastronomy – Exploring the Science of Flavours
Professor Anthony Blake, recently retired VP for Food Science at Firmenich SA
Investigating Innovative Flavours from a Leading Manufacturer’s NPD
Angle
Speaker to be confirmed
Case Study – Spicy? Indulgent? – Always Upping the Ante
Speaker to be confirmed
For further information, please contact Catherine Laughton, Market Intelligence
Section, Tel: +44 (0)1372 376761 or email: claughton@leatherheadfood.com

10 Food Industry Updates – Market Digest, August 2006